Tech /

Blockchain

A man walks past the Nvidia logo at the company’s AI Summit in Mumbai on October 24. Photo: Reuters
Semiconductors

Big Tech

Nvidia meets Chinese trade negotiator as fresh US chip sanctions loom

China’s top trade negotiator and key figure during Trump’s first term met Nvidia’s global business head amid reports of fresh US export restrictions.

Blockchain

Bitcoin’s march towards historic US$100,000 level stalls

Blockchain

Bitcoin hits US$97,000 as crypto sector seeks White House post

Blockchain

Digital currencies

Shanghai court says crypto ownership legal in China amid bitcoin price surge

In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal.

Representations of bitcoin seen in this illustration picture taken in Paris on March 9. Photo: Reuters
Representations of bitcoin seen in this illustration picture taken in Paris on March 9. Photo: Reuters

Blockchain

Digital currencies

Hong Kong bitcoin ETFs finally see trading surge after Trump bump in the US

The city’s three spot bitcoin ETFs became active trading targets this week, with US$17 million trading hands on Tuesday.

United States & Canada

United States

US man behind Hong Kong bitcoin exchange heist gets 5-year sentence

Ilya Lichtenstein stole about 120,000 bitcoin from Bitfinex in 2016 and laundered funds with the help of his wife, Heather Morgan.

Blockchain

Blockchain

FTX sues Binance and former CEO ‘CZ’ for US$1.8 billion

The lawsuit relates to Binance’s sale of its stake in FTX, the rival exchange founded by the now-imprisoned Sam Bankman-Fried.

Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters

Blockchain

Blockchain

Bitcoin breaks US$89,000 for the first time on Trump crypto boom

The largest token has jumped about 30 per cent since the US election, as traders weigh whether there is still room to chase.

Donald Trump speaks at the Bitcoin 2024 Conference in Nashville, Tennessee in July. Photo: AP Photo
Donald Trump speaks at the Bitcoin 2024 Conference in Nashville, Tennessee in July. Photo: AP Photo

Blockchain

Cryptocurrency

Trump’s crypto pledge may see China restore digital-asset market: HashKey head

HashKey chairman and CEO Xiao Feng said a number of factors may compel mainland China to open its digital-asset market in about two years.

Blockchain

Blockchain

Bitcoin soars past US$84,000 as Trump’s win fuels buying spree

The largest token climbed as much as 5.6 per cent to an unprecedented US$84,360 in New York.

Blockchain

Blockchain

‘The King is back’: Binance billionaire CZ plots life after prison

The founder of the world’s largest cryptocurrency exchange talks about his four-month incarceration, future plans, and more.

Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters

Blockchain

Blockchain

US set to ease crypto regulatory crackdown under Trump

President Donald Trump has previously pledged to fire the SEC chairman on the first day of his second administration.

US President Donald Trump at the Bitcoin 2024 event in Nashville, Tennessee in July. Photo: Reuters
US President Donald Trump at the Bitcoin 2024 event in Nashville, Tennessee in July. Photo: Reuters

Blockchain

Cryptocurrency

Trump election victory cheers up China’s cryptocurrency proponents

These crypto proponents expect a bright future for digital assets and related policies on the mainland and Hong Kong.

Blockchain

Digital currencies

Bitcoin hits record price after Trump takes early lead in US election

The original cryptocurrency jumped past US$75,000 on Tuesday night in the US, topping a record set in March.

Blockchain

Digital currencies

Binance founder CZ says will not return to crypto exchange after imprisonment

Zhao Changpeng said he does not ‘have any need to go back’ to the world’s largest cryptocurrency exchange, although he remains the largest shareholder.

Founder and former CEO of Binance Zhao Changpeng attends an event in Rome on May 10, 2022. Photo: Getty Images

Blockchain

Blockchain

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.

Chainlink’s booth seen on the first day of its SmartCon event at Kerry Hotel in Hung Hom on Wednesday. Photo: Matt Haldane
Chainlink’s booth seen on the first day of its SmartCon event at Kerry Hotel in Hung Hom on Wednesday. Photo: Matt Haldane

Blockchain

Cryptocurrency

Hong Kong crypto ETFs see tepid investor demand even as bitcoin prices surge

Bitcoin’s price jumped 7.84 per cent over the past five days and 12 per cent over the past month, ahead of the US presidential election.

Blockchain

Digital currencies

Circle CEO envisions stablecoins playing greater role in trade settlements

Jeremy Allaire envisions a ‘global network of stablecoins’ enabling ‘better, faster, cheaper’ transactions for emerging markets trading through Hong Kong.

Blockchain

Ant Group

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

Hong Kong FinTech Week 2024 kicked off on Monday with an emphasis on artificial intelligence and tokenisation. Photo: Matt Haldane

Markets

HKEX

HKEX’s virtual asset index launch is a boost for Hong Kong’s crypto hub ambitions

The index series, launching on November 15, will offer benchmarks for bitcoin and ether.

Bourse operator HKEX is launching a virtual asset index series for bitcoin and ether pricing. Photo: AP Photo
Bourse operator HKEX is launching a virtual asset index series for bitcoin and ether pricing. Photo: AP Photo

Blockchain

Blockchain

US charges crypto firms and staff with fraud, including 2 from Hong Kong

Prosecutors say the defendants engaged in sham trades to artificially inflate the trading volume of cryptocurrency tokens.

Blockchain

Cryptocurrency

Hong Kong firm HKVAX gets approval to run city’s third cryptocurrency exchange

Local firm Hong Kong Virtual Asset Exchange aims to offer over-the-counter trading, exchange and custody services.

videocam

Blockchain

Artificial intelligence

FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Signage at Hong Kong FinTech Week 2021 at the Convention and Exhibition Centre in Wan Chai. As hype around cryptocurrencies and blockchain fades, the show’s organisers see AI tech from the mainland taking centre stage. Photo: Shutterstock
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